SPM(SH:600459)2021-04-28 16:00Financial Performance - Operating revenue rose by 71.50% to CNY 8,688,449,326.30 year-on-year[17] - Net profit attributable to shareholders increased by 25.87% to CNY 170,312,486.31 compared to the same period last year[20] - Basic earnings per share rose by 25.81% to CNY 0.39[17] - The company reported a net profit excluding non-recurring gains and losses of CNY 164,020,601.81, up 24.79% year-on-year[17] - The company's total operating revenue for Q1 2021 reached ¥8,688,449,326.30, a significant increase from ¥5,066,047,189.33 in Q1 2020, representing a growth of approximately 71.5%[57] - Net profit for Q1 2021 was ¥179,062,854.17, compared to ¥141,095,209.10 in Q1 2020, reflecting an increase of about 26.9%[60] - The total comprehensive income for Q1 2021 was ¥179,062,854.17, compared to ¥141,095,209.10 in Q1 2020, reflecting an increase of about 26.9%[62] Cash Flow - Net cash flow from operating activities was negative at CNY -992,919,340.41, a significant decrease from CNY 437,313,161.42 in the previous year[17] - Net cash flow from financing activities surged by 510.48% to CNY 1,096,251,857.03 compared to the previous year[17] - Cash inflow from financing activities in the first quarter of 2021 totaled 2,583,846,325.89 RMB, compared to 922,822,880.00 RMB in the same period of 2020, marking an increase of approximately 180.5%[70] - The net cash flow from financing activities for the first quarter of 2021 was 1,096,251,857.03 RMB, significantly higher than 179,571,279.63 RMB in the first quarter of 2020[70] - Cash inflow from loans received was $815,001,370.00, an increase from $749,468,800.00, showing a growth of 8.7%[73] - The net increase in cash and cash equivalents was -$62,958,133.66, contrasting with a positive increase of $326,724,239.84 in the previous period[73] Assets and Liabilities - Total assets increased by 22.44% to CNY 11,718,329,199.25 compared to the end of the previous year[17] - Current liabilities totaled 6,159,628,854.29 yuan, compared to 4,832,265,104.59 yuan in the previous year[46] - Total liabilities reached ¥5,152,348,033.71, compared to ¥4,127,357,170.17, indicating a growth of around 24.8% year-over-year[55] - Non-current liabilities totaled ¥1,273,087,882.15, significantly up from ¥641,391,882.15, marking an increase of approximately 98.4%[55] - Accounts receivable increased by 59.25%, amounting to ¥2,031,204,844.49 as of March 31, 2021, compared to ¥1,275,471,557.89 at the end of 2020[27] - The company experienced a significant increase in accounts payable, which rose by 156.79% to ¥833,697,413.03 as of March 31, 2021, from ¥324,656,557.82 at the end of 2020[28] Research and Development - The company's R&D expenses surged by 210.00%, reaching ¥59,647,693.71 in Q1 2021, up from ¥19,241,082.88 in Q1 2020[33] - R&D expenses surged by 210% year-on-year, reflecting increased investment in research and development[35] Shareholder Information - The number of shareholders at the end of the reporting period was 49,021[23] - The largest shareholder, Yunnan Precious Metals New Materials Holding Group Co., Ltd., held 39.64% of the shares[23] Other Income and Expenses - Other income increased by 1,033.53% year-on-year, mainly due to a settlement payment received during the reporting period[35] - Financial expenses increased by 62% year-on-year, attributed to expanded business scale and increased bank borrowings[35] - The company's financial expenses increased to ¥66,479,296.36 in Q1 2021, up from ¥41,037,209.29 in Q1 2020, indicating a growth of approximately 62.1%[57]